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20130201
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. tempur-pedic is trading sharply higher. fourth quarter earnings were 60 cents, estimates 55, and then net sales fell 7% to 341.1 million dollars. that was finally boeing u.s. safety regulators are nowhere near finishing an investigation according to sources. and they also, i guess, are talking about circuit board, cheap little circuit board which now could be part of the issue, i guess, and commentary that could you imagine if you know these crappy little circuit boards that don't cost very much money at all could be grounding the 787. we're going to hang with these guys now, right? i want to talk to austan. this is a continuation of our last conversation and i'd like you here. both of us agreed on camera, we agree on a lot of things, but we agree hat what we want is the private -- >> private sector should be driving growth. >> and then if it were 4% growth, tax receipts go up, more people have jobs. >> yep. >> the government can afford to do more things. so we're both in total agreement. >> yeah. >> that the private sector is what we want -- >> yeah. that is above -- sustainable growth.
's the story of tempur-pedic and select comfort. tpx talked about a challenging first quarter, but it really didn't lay blame on anything more than product mix and weakness in europe. yet the stock up now about 12%. 11%. it was up 17% last night after the close on this. now select comfort is down around 17%. it missed on both the top and bottom lines. but it's the reason for the revenue miss that caught my attention. according to the company, the quote, voice of the customer, suggested the fiscal cliff was to blame. if it was the fiscal cliff both companies would have seen it. as for the difference in stock performance, tpx beat, select comfort didn't. both have big short interests. the one that was less bad gets the short squeeze. that's what the market is all about. carl, back to you. >> interesting. somebody's hearing voices, herb. thanks. markets approaching all-time highs today. art cachon is back from ubs. happy friday. >> happy friday to you. i thought the fiscal cliff would have people tossing and turning all night and you would have to buy a mattress. >> very nice. you said can the
clearance is ending soon. for a short time, save hundreds on tempur-pedic mattresses. get the most highly-recommended bed in america at closeout prices. plus, get interest-free financing and free same-day delivery. why wait for the new models? sleep train's year end clearance is ending soon. superior service, best selection, lowest price, guaranteed. ♪ sleep train ♪ your ticket to a better night's sleep ♪ >>> welcome back to "squawk box." futures right now indicated up about 10 points. we are also watching the shares of netflix today. it won't make up for what's happening with apple, obviously. but the video streaming service posted a profit of 13 cents a share. analysts were looking for a loss of 13 cents a share. either the company did really well or analysts are clueless about this stock. revenue also beat estimates coming in at $945 million. netflix also added 2.1 million u.s. subscribers. and now there are 27.2 million, which is -- >> that's always been the big issue. get enough subscribers in there. if you start thinking about the portion of the u.s. population. >> netflix sha
Search Results 0 to 2 of about 3